Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Delaware
DEPETCOALMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
322.90
Year-over-Year Change
189.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the petroleum and coal products manufacturing industry in the state of Delaware. It provides insights into the performance and productivity of this key industrial sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Delaware series tracks the inflation-adjusted output of this industry within the state's economy. It is a valuable indicator of the sector's contribution to economic growth and can inform policy decisions related to energy, manufacturing, and industrial development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic researchers to understand the dynamics of Delaware's energy and manufacturing sectors.
Key Facts
- Delaware's petroleum and coal products manufacturing industry accounts for a significant portion of the state's GDP.
- This sector has experienced fluctuations in output due to changes in energy prices and market demand.
- The trend provides insights into the competitiveness and productivity of Delaware's energy-intensive industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the petroleum and coal products manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and productivity of a key industrial sector in Delaware, which is important for understanding the state's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and economic researchers to understand the dynamics of Delaware's energy and manufacturing sectors, which can inform policy decisions related to energy, manufacturing, and industrial development.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or minor data corrections.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Delaware (DEPETCOALMANRGSP), retrieved from FRED.